Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.47 | 0.82% |
| Return on Equity (%) | ▲ | 9.92% | +3.73 | 6.19% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.07 | 3.38% |
| Efficiency Ratio (%) | ▼ | 75.60% | +1.88 | 73.72% |
| Pre-Provision Profit ($M) | ▲ | $23 | +0.26 | $23 |
| Cost of Funds (%) | ▼ | 1.64% | +0.03 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,380 | +906.16 | $8,474 |
| Gross Loans ($M) | ▲ | $7,338 | +864.67 | $6,474 |
| Loan Growth YoY (%) | ▲ | 101.81% | +7.49 | 94.33% |
| Total Deposits ($M) | ▲ | $7,123 | +341.72 | $6,781 |
| Shareholders Equity ($M) | ▲ | $1,227 | +108.67 | $1,119 |
| Tang. Book Value ($M) | ▲ | $1,162 | +108.78 | $1,054 |
| TBV excl. AOCI ($M)** | ▲ | $1,234 | +110.38 | $1,123 |
| Loan / Deposit Ratio (%) | ▲ | 101.81% | +7.49 | 94.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.09 | 0.34% |
| Allowance / Loans (%) | — | 1.18% | -0.02% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.12 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.66% | -0.23 | 13.88% |
Noninterest income ($16.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▃▁▃██▇█ | Net Interest Margin (%) | 3.41% | 3.38% | 3.34% | 3.38% | 3.46% | 3.45% | 3.44% | 3.45% |
| ▇▆▁▆▇▇▃█ | Return on Assets (%) | 1.00% | 0.80% | -0.16% | 0.82% | 1.10% | 0.99% | 0.26% | 1.30% |
| ▁▄█▅▂▄██ | Efficiency Ratio (%) | 69.6% | 72.8% | 76.0% | 73.7% | 71.0% | 72.5% | 76.4% | 75.6% |
| █▅▁▁▄▃▂▂ | Cost of Funds (%) | 1.84% | 1.74% | 1.62% | 1.61% | 1.72% | 1.67% | 1.64% | 1.64% |
| ██▅▃▃▂▂▁ | NPA / Assets (%) | 0.52% | 0.52% | 0.42% | 0.34% | 0.33% | 0.31% | 0.30% | 0.25% |
| █▆▅▃▃▂▂▁ | Net Charge-Off Ratio (%) | 0.70% | 0.58% | 0.55% | 0.44% | 0.43% | 0.40% | 0.38% | 0.32% |
| ▁▁▁▃▅▆▆█ | Tang. Book Value ($M) | $1,022 | $1,013 | $1,017 | $1,054 | $1,094 | $1,108 | $1,110 | $1,162 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $5,953 | $6,125 | $6,216 | $6,474 | $6,648 | $6,985 | $7,032 | $7,338 |
| ▁▂▄▅▆▆██ | Total Deposits ($M) | $6,421 | $6,512 | $6,710 | $6,781 | $6,905 | $6,949 | $7,129 | $7,123 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 5% |